It is no secret that Binance, one of the world’s largest cryptocurrency exchanges, has been trying to establish a presence in the United States for quite some time now. However, the process has been far from smooth sailing.
The company has faced a number of hurdles, the most recent of which is a lAWSuit filed by the New York Attorney General’s office.
The lAWSuit, which was filed on Thursday, alleges that Binance illegally operated in New York state without obtaining the proper licenses. The attorney general’s office is seeking an injunction to stop Binance from operating in the state and is also seeking restitution for customers who may have been harmed by the exchange’s illegal activities.
NOTE: WARNING: Binance US is not currently available in New York. It is illegal to use Binance US in New York State. Any attempt to do so may result in legal consequences. Please check the laws of your particular jurisdiction before attempting to use Binance US.
This is not the first time Binance has faced legal trouble in the United States. Last year, the Securities and Exchange Commission (SEC) issued a warning to the exchange for allegedly violating securities lAWS.
And just last month, Binance was forced to shut down its operations in California after failing to obtain the necessary licenses from state regulators.
So far, Binance has not commented on the latest lAWSuit. However, this latest development is likely to further delay the exchange’s plans to launch a fully-regulated platform in the United States.
It also raises questions about whether Binance will ever be able to establish a foothold in the highly-regulated American market.
6 Related Question Answers Found
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is not currently accessible to users in the United States. The popular digital asset platform has been effectively banned in the U. S.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is not currently banned in the United States. The US-based crypto exchange launched in September 2017 and has quickly become a leading player in the space. Binance is registered with FinCEN and complies with KYC/AML regulations.
The United States has not banned Binance, but the exchange is not currently available to U.S. customers. Binance has been working on a U.
-based exchange, but it is not yet operational.
Binance, the world’s largest cryptocurrency exchange by trading volume, is shutting down its US operations. The move comes after the US Securities and Exchange Commission (SEC) filed a lAWSuit against the company for allegedly violating securities lAWS. Binance has been operating in the US since 2019, but it has always been done through a third-party entity.
As one of the world’s largest cryptocurrency exchanges, Binance is no stranger to controversy. The latest example is the launch of Binance US, its new American trading platform. The launch was marred by allegations that the exchange is not following U.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is still banned in the United States. The US-based exchange was founded in 2017 and quickly rose to prominence due to its low fees, wide range of altcoins, and its innovative features. However, Binance has never been able to obtain a license to operate in the US and has therefore been banned from operating in the country.
